Since January 14, Bitcoin has been making an impressive move until  January 19. The bulls took the price to a high of $9,200 but were immediately repelled. Before this time the bulls were struggling to break the resistance at $8,800 which was eventually broken. In the last 24 hours, Bitcoin has fallen to a low of $8,600. The price is ranging above  $8,600 pending the direction of the next price movement.

Recently, the bulls overcome the $160 resistance but were unlucky at $180. A successful break above $180 would have led Ethereum to appreciate above $200 and commenced an upward move.

According to the significant technological change that has occurred in the past decade, we can now be sure that the integration of innovative tools including blockchain, distributed ledger technology (DLT), and general data protection regulation (GDPR) standards are somehow sufficient and able to ensure the security and privacy of personal data in future Internet systems.

Recently Russians woke up to the news of a new prime minister following a number of events that saw the government resigning. The new PM, who served as the head of  Russian tax services Mikhail Mishustin has  supported cryptocurrency for quite some time. The prime ministers vowed to transform the modern blockchain powered state for the benefit of Russians.

Cryptocurrencies and blockchain technology have peculiarities that, in the absence of adequate supervision, mean they are likely to become instruments harmful to the economic and monetary system as a whole, and risky for individual users, and be an additional useful tool for criminal organizations.

In this year, innovation will go a step further by serving citizens and businesses, private users and professionals.

Current market events are strongly indicating that the ethereum network will see massive growth this year. According to a recent report, the active number of users on the ethereum network doubled in period of just five months. Speculators claim that cryptocurrency could gain mainstream usage this year.

In the last 24 hours, the bulls made another attempt at the $0.24 resistance but were repelled. The coin found support at $0.23. In the first effort, the bulls were also repelled but the coin dropped to the low of $0.22. The bottom line is that if the bulls break the $0.24 resistance, Ripple will rise and reach the $0.30 and $0.31 price levels.

Interestingly, Ethereum has made a positive impact and pushed into the earlier price range.
About two days ago, the bulls couldn’t break above the resistance at $160. The price has successfully breached the resistance as the coin reached a high of $172. Ether is approaching the overhead resistance at $173.